Entropy Technologies LP Increases Position in DTE Energy (NYSE:DTE)

Entropy Technologies LP grew its position in shares of DTE Energy (NYSE:DTE) by 10.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,182 shares of the utilities provider’s stock after buying an additional 4,441 shares during the quarter. DTE Energy accounts for 0.6% of Entropy Technologies LP’s portfolio, making the stock its 21st largest position. Entropy Technologies LP’s holdings in DTE Energy were worth $5,802,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in DTE. Envestnet Portfolio Solutions Inc. grew its holdings in shares of DTE Energy by 59.6% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 4,792 shares of the utilities provider’s stock valued at $537,000 after buying an additional 1,789 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of DTE Energy by 16.2% during the first quarter. Empowered Funds LLC now owns 2,427 shares of the utilities provider’s stock valued at $272,000 after buying an additional 338 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of DTE Energy during the first quarter valued at approximately $550,000. QRG Capital Management Inc. grew its holdings in shares of DTE Energy by 64.7% during the first quarter. QRG Capital Management Inc. now owns 25,187 shares of the utilities provider’s stock valued at $2,825,000 after buying an additional 9,890 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System grew its holdings in shares of DTE Energy by 6.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 229,495 shares of the utilities provider’s stock valued at $25,139,000 after buying an additional 14,022 shares during the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

DTE Energy Stock Up 1.6 %

Shares of DTE stock opened at $119.73 on Tuesday. The company has a market capitalization of $24.80 billion, a price-to-earnings ratio of 16.22, a PEG ratio of 2.13 and a beta of 0.68. DTE Energy has a one year low of $97.43 and a one year high of $131.66. The company’s fifty day moving average price is $125.42 and its 200-day moving average price is $119.05. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.83 and a quick ratio of 0.62.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DTE. Wells Fargo & Company increased their price target on shares of DTE Energy from $133.00 to $145.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Jefferies Financial Group assumed coverage on shares of DTE Energy in a report on Monday, October 21st. They issued a “hold” rating and a $137.00 target price on the stock. Bank of America raised their target price on shares of DTE Energy from $131.00 to $136.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Barclays raised their target price on shares of DTE Energy from $128.00 to $137.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Finally, StockNews.com upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $131.46.

DTE Energy Company Profile

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to various residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets.